Jefferies Recommends Buying ICICI Prudential, ICICI Lombard, and Groww with Up to 27% Upside

Jefferies has issued 'Buy' recommendations for three stocks: ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and Groww, citing upside potential of up to 27%. The brokerage highlighted ICICI Prudential's strong December quarter profitability and noted ICICI Lombard's robust growth in retail health insurance. Despite some challenges like GST impacts, these companies demonstrated positive earnings visibility, margin trends, and business improvements supporting Jefferies' outlook.